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Median U.S. household income per County in 2021 Median U.S. household income through 2019 U.S. real median household income reached $63,688 in January 2019, an increase of $171 or 0.3% over one month over that of December 2018.
The top quintile in personal income in 2019 was $103,012 (included in the chart below). The differences between household and personal income are considerable, since 61% of households now have two or more income earners.
States and territories ranked by median household income. Average annual growth rate 2010–2021, % States and Washington, D.C. 2021 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 Growth rate United States: $69,717: $65,712: $63,179: $60,336: $57,617: $55,775: $53,657: $52,250: $51,371: $50,502: $50,046: 3.07% Washington, D.C. $90,088 ...
Over 20 states still have a minimum wage at the federal rate of $7.25/hour, which has been in place since 2009. That's been a contributing factor to growing household income inequality,...
From 2008 to 2009, individual income taxes declined 20%, while corporate taxes declined 50%. At 14.6% of GDP, the 2009 and 2010 collections were the lowest level of the past 50 years. Tax policy Tax descriptions. The federal personal income tax is progressive, meaning a higher marginal tax rate is applied to higher ranges of income. For example ...
On average, the United States' real per capita personal income grew at an annual rate of 2.27% over 1959–2020. The United States posted its highest growth in 1984 (5.53%) and posted its lowest growth in 2009 (−3.87%). [2]
It may be assessed through either income or wealth . In absolute terms, affluence is a relatively widespread phenomenon in the United States, with over 30% of households having an income exceeding $100,000 per year and over 30% of households having a net worth exceeding $250,000, as of 2019.
For example, the median 2009 income for households headed by individuals age 15–24 was only $30,750, but increased to $50,188 for household headed by individuals age 25–34 and $61,083 for household headed by individuals 35–44.
The US household income Gini of 46.8 in 2009 varied significantly between states: after-tax income inequality in 2009 was greatest in Texas and lowest in Maine. Income inequality grew from 2005 to 2012 in more than 2 out of 3 metropolitan areas.
In the United States, the average household net adjusted disposable income per capita is USD 45 284 a year, much higher than the OECD average of USD 33 604 and the highest figure in the OECD. ^ "Income Distribution Database". stats.oecd.org. Retrieved March 4, 2023.